Can we have meaningful discussion on MMZ's acquisition of 50% of...

Can we have meaningful discussion on MMZ's acquisition of 50% of Hotshot? Here are the main points.


Mooter Media Ltd (subject to all relevant approvals) will:

-Acquire Hot Shot Media Pty Ltd by way of an issue of shares in Mooter;

-Hold (pursuant to the acquisition) an all-encompassing 50:50 Joint Venture agreement with Hot Shot Media Pte Limited the parent entity of the Hot ShotMedia Group;

-Be entitled to 50% of all Hot Shot Media Group revenues, benefits, rights andincomes, ad infinitum;

-Inherit the right to receive the first $5m of revenues on a priority and preferred basis to repay advances previously made and agreed to be made by Hot Shot Media Pty Ltd to the Hot Shot Media Group;

-Be entitled to 100% of online advertising revenues for the first five years, after which they are to be shared by the Joint Venture;

-Be projected directly at the forefront of the worldwide social gaming phenomenon;

-Become Australias (and possibly the world's) first listed, social/casual gaming corporation.


People, you should read and re-read the above points because to me it sounds like a ripper of a deal for around 10% dilution to existing MMZ holders!